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Jan 22, 2013
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john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the president came out after the election saying not playing that game. not going to renegotiate. the white house is now prepared to say they concede on that principle for three months, we'll keep our stance unchanged beyond that, and republicans will yield again and we'll get a longer-term extension. >> hopefully it will diffuse market fears about a debt default. the question is what the markets have to say about these gyrations in washington. let's bring in the president of official funds, gentlemen, great to have you with us. >> grit to eat to be here. >> the dow is on multi-year highs, at what strange will wall street say the heck with it. >> the point i like to make in comparison is what happened in december of 2007 and the first part of 2008, the dow industrial average was lagging the transportation average, which was raging
john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the president came out after the election saying not playing that game. not going to renegotiate. the white house is now prepared to say they concede on that principle for three months, we'll keep our stance unchanged beyond that, and republicans will yield again and we'll get a longer-term...
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Jan 24, 2013
01/13
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let's get back to john harwood. john, is there any question whether or not she will be confirmed by the senate? >> i think she will be confirmed. there may be a question of timing, when she will be confirmed. and when the president came on, whether that is a free-standing deal or kun done in a package with the filling after republican seat on the commission. but the president said as we expected, referring to a tough cop on the beat. said he wants common sense regulation. similar theme for richard cordray. while talking and listening to the president, got an e-mail from the chairman of the house financial services committee. he talked about resuming the debate over the consumer protection agency and wanted to engage in debate with mary jo white about job measures passed bit congress but did not criticize either of the nominees. i think that is positive. >> scott, give us more of an illustration or a picture of exactly who this woman is and what her background is, as well. >> right. the emphasis and emphasis in the p
let's get back to john harwood. john, is there any question whether or not she will be confirmed by the senate? >> i think she will be confirmed. there may be a question of timing, when she will be confirmed. and when the president came on, whether that is a free-standing deal or kun done in a package with the filling after republican seat on the commission. but the president said as we expected, referring to a tough cop on the beat. said he wants common sense regulation. similar theme...
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Jan 22, 2013
01/13
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john? >> i think there will be more of this. and i think we will see push back, some of the higher tax governments in europe say we need tax harmization. that won't happen, but we'll see a push for it. >> topic number two, this involves our poll. we asked all of you out there via yahoo! finance should companies be allowed to limit what employees say about them on social media sites? 18% of you said yes, it's meant to protected the company and employees. 21% said, no, workers have the right to speak freely online. 61% said employees need to use commonsense when talking online. this reminds me, you know, we don't gather around the water cooler anymore. we gather in social media sites. isn't the same thing? >> the entire premise of should companies try to stop you from doing this is wrong. what companies should do, is not just say use common sense, they should help employees understand the right way to use social media, a way that doesn't undermine the integrity of the company or seem restrictive on their own employees. take a posi
john? >> i think there will be more of this. and i think we will see push back, some of the higher tax governments in europe say we need tax harmization. that won't happen, but we'll see a push for it. >> topic number two, this involves our poll. we asked all of you out there via yahoo! finance should companies be allowed to limit what employees say about them on social media sites? 18% of you said yes, it's meant to protected the company and employees. 21% said, no, workers have...
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Jan 28, 2013
01/13
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managing directly jeffreys and john abel, reuters media file column nest. peter, do you believe in apple fatigue? >> no, we don't. we think that the real issue here is that apple is going through an earnings transition and we have the maturing of the market and with new models the stock will become more active and could see a lost activity, in fact. >> does that shoot them in the foot, john? the fact that they come out with new product, which in many cases are incremental as opposed to ground breaking. we have just come out with iphone 5 an now we are talking about iphone 6 and people are holding off. >> we have had about a year of consolidation here with product, iphone 5, ipad mini, which is catch-up. i don't know if smart investors look at that and say, i'm bored. i thought the issue last year was, cashing in on a terrific run-up on the stock. i really don't know. margins may be under pressure because they are can balancizing themselves and tim cook says that fine. because if someone has to do it, we will do it. and berkshire hathaway is up 10. take that
managing directly jeffreys and john abel, reuters media file column nest. peter, do you believe in apple fatigue? >> no, we don't. we think that the real issue here is that apple is going through an earnings transition and we have the maturing of the market and with new models the stock will become more active and could see a lost activity, in fact. >> does that shoot them in the foot, john? the fact that they come out with new product, which in many cases are incremental as opposed...
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Jan 23, 2013
01/13
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i think john kerry's first job is going to see whether or not he can do negotiate a grand agreement with iran. it is evident to any one sitting here in washington larry, that the president wants to see if he can finally use the man kadate coach the iatola to avoid a k confli conflict. the key here is if he can avoid a charge whereas whether or not kerri and haegle will bring the bacon home in order to avoid the conflict. >> here is the line. we are heirs to those who won the peace and not just won the war and we must carry those lessons this time as well. i'm not sure ambassador ginsberg means. none of us nknow how fruitful their been. he wants to show, that engagement with iran at least in a final attempt is worth having his right wing in this country and the right wing go after him in order for him to prove to the american people that he went the extra mile. >> i would add, sir, it is possible to win the war, and the peace. i believe that is part of world war ii. i was mistified by that part of the inaugural speech. will golf superstar pick up and leave high tax california? of course h
i think john kerry's first job is going to see whether or not he can do negotiate a grand agreement with iran. it is evident to any one sitting here in washington larry, that the president wants to see if he can finally use the man kadate coach the iatola to avoid a k confli conflict. the key here is if he can avoid a charge whereas whether or not kerri and haegle will bring the bacon home in order to avoid the conflict. >> here is the line. we are heirs to those who won the peace and not...
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Jan 24, 2013
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john fortt is on that story as well for us. john? >> yeah, tyler, the street is looking for around 75 sent in eps on 25.1 billion in revenue, the decline in the pc market looks to be down 5 or 6% year over year. looms pretty large over this report. analyst are expecting the bulk of the revenue contribution to come from the business and server and tools divisions. ibm suggests enterprise spending might actually hold up. that a good sign for them. windows isn't expected to do that badly, just over 5 billion in revenue bolstered by businesses refreshing pcs with windows 7. that would be pretty good considering that number i gave before about pcs being down year over year. so we will see. we will also get a strong showing from the entertainment and devices division where xbox and kinect add strong season. so the business division is the most important but it will be interesting to see how the entertainment business is growing. tyler? >> thank you very much, john fortt. >>> how should you play microsoft ahead of the results. joining is yu
john fortt is on that story as well for us. john? >> yeah, tyler, the street is looking for around 75 sent in eps on 25.1 billion in revenue, the decline in the pc market looks to be down 5 or 6% year over year. looms pretty large over this report. analyst are expecting the bulk of the revenue contribution to come from the business and server and tools divisions. ibm suggests enterprise spending might actually hold up. that a good sign for them. windows isn't expected to do that badly,...
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Jan 29, 2013
01/13
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john taylor, not the hedge fund john taylor but the former appreciatory under secretary. stanford say the says holding back the economy, the federal reserve is holding back the economy. >> steve liesman will be along at 7:30 eastern. i don't think he would buy into that. we will be here with the release of cnbc's exclusive fed survey. and from the better late than never file, the senate has approved the long delayed $50.5 billion aid package for the vikt manies of superstorm sandy. the approval comes three months after the storm ravaged the east coast destroying thousands of homes and is business in new york and connecticut and new jersey. nine republicans joined democrats in voting yes on the measure. now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs
john taylor, not the hedge fund john taylor but the former appreciatory under secretary. stanford say the says holding back the economy, the federal reserve is holding back the economy. >> steve liesman will be along at 7:30 eastern. i don't think he would buy into that. we will be here with the release of cnbc's exclusive fed survey. and from the better late than never file, the senate has approved the long delayed $50.5 billion aid package for the vikt manies of superstorm sandy. the...
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Jan 23, 2013
01/13
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>> in. >> john? >> out unless i can hear more about what their advantage is. >> as an investor, i don't know yet. but as a user, i'm in. i actually use their product. >>> thank you very much. >> how about you? are you in or out? what do you think of learnvest? log on to power pitch.cnbc.com and cast your vote. >> in the next hour, tough year for unions, membership lowest level since the 1930s. we will have the details in the next hour here on cnbc. back in a minute. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation w
>> in. >> john? >> out unless i can hear more about what their advantage is. >> as an investor, i don't know yet. but as a user, i'm in. i actually use their product. >>> thank you very much. >> how about you? are you in or out? what do you think of learnvest? log on to power pitch.cnbc.com and cast your vote. >> in the next hour, tough year for unions, membership lowest level since the 1930s. we will have the details in the next hour here on cnbc....
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Jan 25, 2013
01/13
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>> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but the ceo was most energized on a call talked about the launch of single serve coffee machines. we're deeply dmoibtd leader in this space. watch out green mountain. >> with more than 150,000 machines sold since launch, it's off to an exceptional start as we build, enhance and expand what we're confident to be a multibillion dollar premium single serve platform in the months and years ahead. >> reporter: starbucks also says falling coffee prices have more than offset rising dairy costs. it could be attributed to better commodity price. that's expected to continue for a net benefit of $100 million. it's projecting a repeat 100 million benefit. >> jane, the consumer is suffering so much. all these people around the table are telling me consumers suffering because of
>> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but the ceo was most energized on a call talked about the launch of single serve coffee machines. we're deeply dmoibtd leader in this space. watch out green mountain. >> with...
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Jan 28, 2013
01/13
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welcome in to super bowl live, delivered by papa john's, for the next three hours. i have super bowl champions to my left, darren sharper, and heath evans. the 49ers at last check are in the air. they are about 20 minutes away from landing in new orleans. when they do land -- >> where does that put them, over arkansas? >> roughly arkansas. we should get a flight map up there. >> we're not known for geography. when they get to louisiana, they'll be landing in new orleans. we'll take you the niners press conferences as they get the hotel. we'll show you the niners walking down the jetway down to the tarmac. we'll bring you everything from the 49ers' arrival as he head on to new orleans. they beat the two seed, they beat the one seed to get to new orleans. here they are, the san francisco 49ers, looking for their sixth super bowl. and they packed up early today, in santa clara, california, headed to the airport to san jose to get on that plane and to fly down to new orleans for the tenth super bowl that that city will host. tied with miami now for the most all-time. th
welcome in to super bowl live, delivered by papa john's, for the next three hours. i have super bowl champions to my left, darren sharper, and heath evans. the 49ers at last check are in the air. they are about 20 minutes away from landing in new orleans. when they do land -- >> where does that put them, over arkansas? >> roughly arkansas. we should get a flight map up there. >> we're not known for geography. when they get to louisiana, they'll be landing in new orleans. we'll...
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Jan 29, 2013
01/13
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john carney on cnbc.com right now has an interesting article that suggests the data we've picked up showed the federal has really essentially tightened policy. let's take a look at data of when the fed will hike rate. here's the december distribution and there's january one. in general the average is the same as it was, a little more conviction about the hiking rates being in the first quarter of 2015. interestingly this number comes after the fed got rid of counter dates. question, will it lower unemployment? no. they have been consistent about that. will it lower mortgage rates? divided but they think it will. bond yields, evenly divided. the one thing our market participants are sure that question will do, raise stock prices. 69%, maria, saying question does help raise stock prices so when you think about the fed and the roaring stock market, our panelists think they are pretty well related, maria. >> no doubt about it, and what we have seen is a market continuing higher ever since the fed started this. thanks very much, steve liesman. up next the author and publisher of the gloom, boom
john carney on cnbc.com right now has an interesting article that suggests the data we've picked up showed the federal has really essentially tightened policy. let's take a look at data of when the fed will hike rate. here's the december distribution and there's january one. in general the average is the same as it was, a little more conviction about the hiking rates being in the first quarter of 2015. interestingly this number comes after the fed got rid of counter dates. question, will it...
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Jan 22, 2013
01/13
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john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block this if it clears the congress. here's jay carney. >> the bill still has to overcom
john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the...
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Jan 29, 2013
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john has the breaking news on that. hi, john, over to you. >> hi, sue. concern about technology universal plug and play. the intent was it was supposed to make it easy to set up home networks, connect web cam to internet, check home security cameras remotely. turns out there's been a flaw discovered in that protocol by a security group called rapid 7. basically these devices in your home, frighteningly, including web cams, open the door to digital strangers that wasn't known before. in some cases, like home security cameras, it's possible for a hacker to call up your home camera, take a look at what's recorded on the dvr and look through that camera live without your permission. what security researchers are recommending, you disable universal plug and play on your devices. a lot have no idea how to do it. a question how they will get the word out on security breaches. net gear is one of the public companies that could take a hit today because of this. there's some other issues where investors had been punishing the stock earlier. i'm not sure how much w
john has the breaking news on that. hi, john, over to you. >> hi, sue. concern about technology universal plug and play. the intent was it was supposed to make it easy to set up home networks, connect web cam to internet, check home security cameras remotely. turns out there's been a flaw discovered in that protocol by a security group called rapid 7. basically these devices in your home, frighteningly, including web cams, open the door to digital strangers that wasn't known before. in...
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Jan 24, 2013
01/13
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say is in the days following and all the noise, i think that the contributions that both vikram and john havens made to the firm were missed, and i think today the company's position, through a lot of hard work and tough decisions that they made. >> do you have the wherewithal and the tools to do what you really need to do to lead? there's a feeling out there, with all due respect, a feeling out there on the part of investors that the chairman is running things. is it his way or the highway, or do you have the ability to make the decisions you need to do to lead this firm? >> i've got the ability. we've got an active board, and our board is focused around good governance, but that doesn't mean their focus is on running the company. to me we've set the strategy and set the targets going forward, and we'll be held accountable as a management team and me as an individual with doing that. >> you've got a good relationship with michael o'neill, the chairman, and he's not telling you to do this, run the company this way? >> he's not. have a very good relationship. i know mike. we date back and
say is in the days following and all the noise, i think that the contributions that both vikram and john havens made to the firm were missed, and i think today the company's position, through a lot of hard work and tough decisions that they made. >> do you have the wherewithal and the tools to do what you really need to do to lead? there's a feeling out there, with all due respect, a feeling out there on the part of investors that the chairman is running things. is it his way or the...
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Jan 21, 2013
01/13
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john prendergast worked on africa policy in president clinton's white house. now he runs a group called the enough project, that exposes war crimes. what keeps this war going? >> well, you know, follow the money. it's good old-fashioned greed. we got kings and corporations and countries that have been plundering the congo for the last century. and today's version of armed groups, rebel groups, militia groups, the government army-- they're all fronts for mafia organizations, basically, that extract these minerals and profit from their smuggling and export back to the united states and to europe for our jewelry, our cell phones, and our laptops. >> mafia organizations? what do you mean by that? >> because they don't have an ideology. they're not trying to build a government institution. the rebels are not fighting for any particular cause. they are extracting these minerals--like gold, like tantalum, tin, and tungsten--in order to sustain themselves as predatory organizations. >> is the violence increasing, decreasing? >> it spikes. it comes in phases, and it's
john prendergast worked on africa policy in president clinton's white house. now he runs a group called the enough project, that exposes war crimes. what keeps this war going? >> well, you know, follow the money. it's good old-fashioned greed. we got kings and corporations and countries that have been plundering the congo for the last century. and today's version of armed groups, rebel groups, militia groups, the government army-- they're all fronts for mafia organizations, basically,...
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Jan 22, 2013
01/13
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john, thank you. great talking to you. >> thanks, becky. >> right now let's get some more from our guest host today dinakar singh, founder and ceo of tpg-axon capital. we talked about your broad views on things. how this is going to be a little more difficult of a year. you're not going to see all the averages rise the way they did last year, perhaps. but, you do focus very specifically on some areas and some stocks that you think are going to be great areas. you already talked a little bit about health care. what are some of the other stocks that you hold? media stocks? >> yeah, so, i think like as you said i think this is a very good stock picking environment because when you're focused on whether we're going to be crashing or soaring what happens in between matters a lot. after all the adrenaline it seems like things are getting focused on bought up line and microstocks. for us i think when you look around the world first, if you can find cash glow that's not overvalued and a low rate world it's wo
john, thank you. great talking to you. >> thanks, becky. >> right now let's get some more from our guest host today dinakar singh, founder and ceo of tpg-axon capital. we talked about your broad views on things. how this is going to be a little more difficult of a year. you're not going to see all the averages rise the way they did last year, perhaps. but, you do focus very specifically on some areas and some stocks that you think are going to be great areas. you already talked a...
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Jan 25, 2013
01/13
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john melios. or john. >> john is okay. >> so, alexis who scared everybody is trying to change his image. met with stroible of germany. how's it going? >> it's going well. he is not someone to be scared about. he's a politician who says the obvious. that in europe, and especially in greece, we need change. we need to move away from austerity. austerity creates a lot of unemployment, is a negative spiral of recession, more austerity, more recession. and so nowadays in greece, we have 26% of the workforce being unemployed. >> right. >> and this percent is more than 50% among the -- >> you know what, a lot of economists around the world would say, though, the solutions that you want would also lead to higher unemployment, because you don't want to necessarily lower wages, or lower the minimum wage. you want to keep union control in place, and so things that make greece -- greek very uncompetitive in the world market. they're more expensive relative to other potential employers around the world. >> hav
john melios. or john. >> john is okay. >> so, alexis who scared everybody is trying to change his image. met with stroible of germany. how's it going? >> it's going well. he is not someone to be scared about. he's a politician who says the obvious. that in europe, and especially in greece, we need change. we need to move away from austerity. austerity creates a lot of unemployment, is a negative spiral of recession, more austerity, more recession. and so nowadays in greece, we...
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Jan 25, 2013
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i love it when you don't know, you say so, john. john harwood in washington. tim geithner certainly not the first of treasury's bailout alums to say good-bye. with many investments turning a profit could the bailout class see a newfound resurgence of power and popularity. kayla looks at where they are now. >> two years ago we would have said it would be impossible. but things changed. we know the most prominent bailout alum is neil cashkari who's announcing he could run for office in california. on neel kashkari.com he looks at his financial savvy. bailout politics got much play during the 2012 campaign. most of the crisis era alums left washington for the private sector or academia. michelle davis ran public affairs for treasury. she joined the brunswick group and was in familiar territory when the romney campaign looked to her for her expertise on financial sector. steven shafran taught at georgetown, financial engineering in crisis. he had a taste of politics. a council man for catchum, idaho. kendrick wilson was a treasury department adviser and now is at
i love it when you don't know, you say so, john. john harwood in washington. tim geithner certainly not the first of treasury's bailout alums to say good-bye. with many investments turning a profit could the bailout class see a newfound resurgence of power and popularity. kayla looks at where they are now. >> two years ago we would have said it would be impossible. but things changed. we know the most prominent bailout alum is neil cashkari who's announcing he could run for office in...
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Jan 29, 2013
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carl will be at the launch tomorrow, along with our own john ford. this will be potentially make or break to the run-up that the shares have seen in the past month. a question a lot of investors will face tomorrow when this thing is launched tomorrow at 10:00 a.m. >> carl, this to me, line in the sand. this product works. stock keeps going. this is actually one of the rare times where i've seen that a product will determine the stock. >> people say that a lot. but do you think it actually might be true? >> they need to stem the erosion from apple. which i think is getting bigger in the enterprise. i think that's something we don't credit apple enough. >> in the "wall street journal," questioning whether any enterprises who dropped the blackberry will put it back on their platform. buy your own device because of the software advances that have been made in terms of security. whether they could ever hope to reclaim any of the share that's been lost is a key question as they battle it out in the consumer market where they had less than 5% of the market
carl will be at the launch tomorrow, along with our own john ford. this will be potentially make or break to the run-up that the shares have seen in the past month. a question a lot of investors will face tomorrow when this thing is launched tomorrow at 10:00 a.m. >> carl, this to me, line in the sand. this product works. stock keeps going. this is actually one of the rare times where i've seen that a product will determine the stock. >> people say that a lot. but do you think it...
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Jan 22, 2013
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i'm john harwood. here in washington and around the country, we saw a different barack obama in yesterday's inaugural address. up with more assertive, determined to force his policy choices through the governmental system. he tried to prepare the ground for the coming fight over deficits and debt by refuting republican arguments and casting his own as consistent with the american tradition. >> the commitments we make to each other through medicare and medicaid and social security, these things do not zap our nation, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different w
i'm john harwood. here in washington and around the country, we saw a different barack obama in yesterday's inaugural address. up with more assertive, determined to force his policy choices through the governmental system. he tried to prepare the ground for the coming fight over deficits and debt by refuting republican arguments and casting his own as consistent with the american tradition. >> the commitments we make to each other through medicare and medicaid and social security, these...
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Jan 28, 2013
01/13
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watches ow "squawk box." >> john wedging was, by the way, remarkable. did you know he used to work at bcg? >> no. >> yeah. a wall street consultant who turns into a musician. so, anyway -- >> a long time ago. >> and all the hookers that you spoke to were also cnbc viewers or something? >> no, they were not. they were -- yes, they were cnbc viewers. >> you're sure? how did you know? what is -- i don't see how this whole thing played out and where you got -- >> it's a much longer story that probably needs to be explained not at the top of the show. >> were you embarrassed when they said -- and you said, oh, i'm so sorry? all right. go ahead. >> he is right but but there's optimism -- >> i'm married with chirp. >> that's the whole point. that's why i don't even understand how this happened. >> like he was talking about, all this optimism is fueling what's happening in the markets. by the way, this is the best pace for january that we've seen in 24 years. you have to go back to 1989 and that's when the dow was actually up by 8%. the dow is within 268 points
watches ow "squawk box." >> john wedging was, by the way, remarkable. did you know he used to work at bcg? >> no. >> yeah. a wall street consultant who turns into a musician. so, anyway -- >> a long time ago. >> and all the hookers that you spoke to were also cnbc viewers or something? >> no, they were not. they were -- yes, they were cnbc viewers. >> you're sure? how did you know? what is -- i don't see how this whole thing played out and...
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Jan 28, 2013
01/13
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last tile arou-- time around we mentioned john passed away -- >> my good buddy. >> he was a sharp guy. the past two weeks, year oe year-over-year wages dropped 2.3%, it's realtime guessed i'm gue guessing a with holding information mr. lissio used to use. is that sample too small to draw any conclusionings. >> it's an increase of 4%. we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from 2013 recognized in december to beat the higher tax brackets, capital gains increase. so, in other words, the economy now feels like 20% increase in take home pay has been given to the economy. it feels good. the problem with that, that income was going to be recognized this year, no longer here to be recognized. we're seeing a slowdown in income as we come forward. the best theater on tv to me wasn't to social inept types, but the fact that some of your -- the guests this morning, from companies were being like, do you see an increase in the economy? are things growing or things better? they're selling stock in aggr
last tile arou-- time around we mentioned john passed away -- >> my good buddy. >> he was a sharp guy. the past two weeks, year oe year-over-year wages dropped 2.3%, it's realtime guessed i'm gue guessing a with holding information mr. lissio used to use. is that sample too small to draw any conclusionings. >> it's an increase of 4%. we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from...